Increasing demand for more efficient and cost-effective batteries is driving global next generation batteries market growth.
The global next generation batteries market is expected to reach a market size of USD 20.84 Billion at a steady CAGR of 5.6% in 2027, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing investment by OEMs such as BMW Group, Volkswagen, and Daimler for production of more efficient and cost-effective batteries. Increasing research and development activities for production of advanced next generation batteries with better fire resistance, longer life span, and quicker charge rate are key factors expected to drive growth of the global next generation batteries market. Major manufacturers of next generation batteries are investing significantly in development of high-power and safe battery technologies using 3-dimensional structures with high-density solid electrolytes and electrodes. The rising need to supply reliable power in compact wearable devices has also resulted in increasing production of advanced next generation batteries with high energy density capabilities.
The global Next Generation Batteries market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Next Generation Batteries market is highly consolidated due to the presence of a large number of companies across this industry.
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The global Next Generation Batteries market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
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Key players in the market include Sion Power Corporation, Panasonic Corporation, Hitachi, Ambri Inc., NantEnergy Corporation, Phinergy, LG Chemicals, Samsung, Mitsubishi Chemical and Amprius Inc.
These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
The global Next Generation Batteries market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Next Generation Batteries market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights. To gain useful market insights, grab a sample copy of this report:
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Next Generation Batteries market.
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The global Next Generation Batteries market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
- End-use Outlook (Revenue, USD Billion; 2020–2027)
- Energy Storage
- Consumer Electronics
- Type Outlook (Revenue, USD Billion; 2020–2027)
- Nickel cadmium
- Lithium ion
- Magnesium ion
- Lithium Sulphur
- Solid Electrodes
- Metal air
- Nickel metal hydride
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Global Next Generation Batteries Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Next Generation Batteries Market Segmentation & Impact Analysis
4.1. Next Generation Batteries Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Increasing demand for more efficient and cost effective batteries
188.8.131.52. Rise in the number of electric vehicles and electronic gadgets
4.2.3. Market restraints analysis
184.108.40.206. High cost of the next generation batteries
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Next Generation Batteries Market By End-user Insights & Trends, Revenue (USD Million), Volume (Million Units)
5.1. End-user Dynamics & Market Share, 2019 & 2027
5.1.2. Energy Storage
5.1.3. Consumer Electronics
Chapter 6. Next Generation Batteries Market By Type Insights & Trends Revenue (USD Million), Volume (Million Units)
6.1. Type Dynamics & Market Share, 2019 & 2027
6.1.1. Nickel cadmium
6.1.2. Lithium ion
6.1.3. Magnesium ion
6.1.4. Lithium Sulphur
6.1.5. Solid Electrodes
6.1.7. Metal air
6.1.8. Nickel metal hydride
To be continue..!
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